Multifamily Housing Developers

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​Affordable Rental Housing Program

The GLO is administering the Multifamily Affordable Rental Housing Program. This program provides a total of $250 million for the rehabilitation, reconstruction, and new construction of affordable multifamily housing projects in areas impacted by Hurricane Harvey. The maximum award for any applicant/development is $25 million.

Minimum of 51 percent of the units must be restricted for twenty (20) or more years of an affordability period for low- to moderate-income (LMI) individuals earning 80 percent or less of the Area Median Family Income (AMFI) at affordable rents;

The affordable rents must comply with HOME Investment Partnership (HOME) Rents and other existing Land Use Restriction Agreement (LURA) restrictions, if applicable;

Multifamily rental development is eight or more rental units under common ownership; and

Project construction must be completed within 18 months of the effective date of the contract.

**Developments located within the city limits of Houston and/or within Harris County are ineligible.